Latest news with #DubaiAldarProperties
Arabian Post
26-07-2025
- Business
- Arabian Post
Aldar Sets Record with $109 Million Mansion Sale in Abu Dhabi
Arabian Post Staff -Dubai Aldar Properties has shattered records in Abu Dhabi's luxury real estate market by selling an eight-bedroom mansion in the exclusive Faya Al Saadiyat development on Saadiyat Island for Dhs400 million. This sale marks the highest price ever achieved for a residential property in the emirate, further cementing the strong demand for ultra-luxury homes in the UAE capital. The sprawling property, which covers an area of 6,561 square metres, is situated within the prestigious Saadiyat Beach Golf Club. It offers residents breathtaking panoramic views of the Arabian Gulf, as well as lush greenery that adds to the exclusivity of the location. Its prime beachfront position places the mansion in one of the most sought-after areas for high-net-worth individuals, both locally and internationally. ADVERTISEMENT This transaction follows Aldar's previous success in the luxury segment, including the sale of a penthouse at the Nobu Residences on Saadiyat Island earlier this year for Dhs137 million. Both sales highlight the increasing appeal of the UAE's high-end real estate market, particularly among overseas buyers. Analysts attribute the sustained demand for such properties to a combination of factors, including the UAE's strong economic performance, favourable government policies, and its status as a global business hub. The country has long been a magnet for wealthy investors, drawn by its tax advantages, world-class infrastructure, and lifestyle offerings. In addition to these elements, Saadiyat Island itself remains a key driver of Abu Dhabi's luxury property sector. Known for its cultural landmarks, including the Louvre Abu Dhabi, and its proximity to the city centre, the island has become a prime location for affluent buyers looking for the perfect blend of privacy, comfort, and access to world-class amenities. The sale of the mansion is also seen as a sign of the growing interest in high-end properties located within exclusive developments that offer an all-encompassing lifestyle. Such properties are increasingly seen as more than just homes but as status symbols, offering unparalleled levels of comfort, privacy, and security. Market observers also note that there is a broader shift occurring in Abu Dhabi's property market. While the city has traditionally catered to mid-range and luxury buyers, there is now a distinct increase in the number of ultra-luxury homes being developed, particularly in areas like Saadiyat Island, Al Maryah Island, and Yas Island. This reflects the growing wealth in the region and the changing demands of buyers who are seeking residences that offer an exceptional standard of living. Beyond luxury, the rise of sustainability and eco-consciousness is also influencing buyer preferences. As a result, developers like Aldar are increasingly incorporating eco-friendly features in their designs, from energy-efficient systems to sustainable building materials. These elements are becoming key selling points for buyers who place value not just on luxury, but also on environmental responsibility. Despite global uncertainties, the UAE's property market has managed to remain resilient, driven by continued foreign investment and a steady inflow of expatriates. Property experts predict that the momentum in Abu Dhabi's high-end market will continue, with further developments expected to emerge in the coming years, particularly in sectors like hospitality and mixed-use real estate. Aldar's recent success in the luxury segment is not just a reflection of the company's ability to capitalise on this growing trend, but also a testament to its reputation as a leader in high-end residential developments. The developer's ability to push boundaries and redefine luxury living in the UAE capital positions it at the forefront of an increasingly competitive market.
Arabian Post
02-06-2025
- Business
- Arabian Post
Aldar Launches Dhs40bn Coastal Development on Fahid Island
Arabian Post Staff -Dubai Aldar Properties has unveiled a Dhs40 billion mixed-use development on Fahid Island, a 3.4 million square metre natural island situated between Yas and Saadiyat Islands in Abu Dhabi. The project aims to transform the island into a premier coastal wellness destination, featuring over 4,000 residential units, retail outlets, hospitality venues, and community facilities. The first phase, Fahid Beach Residences, will comprise seven beachfront buildings, each housing 65 residences, offering a blend of apartments, townhouses, and ultra-luxury beach and mangrove villas. The development capitalises on the island's 11 km of waterfront, including 4.6 km of pristine beaches and iconic mangroves, providing residents with prime sea views and direct beach access. ADVERTISEMENT Aldar acquired the island for AED 2.5 billion, with the acquisition consideration to be paid over five years. The gross development value of the project stands at AED 26 billion. The development will include a school, retail and hospitality offerings, and a wide array of community facilities, aiming to create a vibrant and integrated community. The project emphasises sustainability, with eco-friendly construction practices and measures to protect local wildlife and preserve natural resources. The lush mangroves surrounding the island are to be preserved, enhancing the area's natural ecosystem. Aldar's CEO, Talal Al Dhiyebi, stated that the acquisition solidifies the company's presence on the Yas-Saadiyat corridor and strengthens its ability to deliver sustainable value to Abu Dhabi and its communities. Jonathan Emery, CEO at Aldar Development, noted that Al Fahid Island presents a robust pipeline of development activity, catering to the strong appetite for ultra-luxury products in Abu Dhabi's premier locations.
